Apollo Aviation Group Acquires 23 Aircraft in H1, 2018

Apollo Aviation Group (together with its affiliates, “Apollo Aviation”), a multi-strategy aviation investment manager, announced today that it acquired or contracted to purchase 23 aircraft in the first half of 2018 for a total gross purchase price of $315 million.

The 23 aircraft are comprised of 22 narrowbody and one widebody aircraft from the A320CEO, A330 and B737NG families.

Robert Korn, Apollo Aviation’s President explained, “To date, 2018 has seen a number of important business milestones, including the growth of our fleet beyond 200 aircraft as well as the repayment of Apollo’s first securitization (ASSET 2014-1) and issuance of its fifth securitization (AASET 2018-1).”